Basic bank account

Kim_13

Georgina - I would avoid a basic bank account as you already have a current account. Someone posted on here that they were rejected when they applied for a product with a bank (I think it was a credit card) because he had an old cashcard with them that was still open. Others may also use this to automatically filter out customers.

I have a Nationwide CashBuilder (savings account) which I have a card for. I've had it since I was 11 but I can't see anything about a maximum age on there. This or another savings account might be better for you. I would double check with a branch of the provider that you choose that whatever account you want has a card though; cards may not come with every savings account in this age of online banking.

Kim_13

187635 wrote: »

The electoral roll form requires you to give a previous address. Where presumably, they check to see if you were on it there. Which I wasn't. I've had what they call a 'chaotic lifestyle'. Which it would be nice to change, but it's not so easy.

colsten - thanks for the link, but I think that noodle URL might have changed? Coming up as 'unavailable or may not exist'

I thought it was possible to add yourself to the voter registration form for the property when it comes around, no questions about previous address asked.

stclair

Kim_13 wrote: »

I thought it was possible to add yourself to the voter registration form for the property when it comes around, no questions about previous address asked.

They only ask your previous address if you want the local authority to remove your details from the previous address.

You can register to vote online now:

https://www.gov.uk/register-to-vote

HappyMJ

colsten wrote: »

Well, if you weren't at the previous address, you didn't have a previous address, did you?

Registering for the electoral role is really easy: https://www.gov.uk/register-to-vote

If you don't manage to complete the ER registration successfully, I am sorry but I reckon there's no chance for you to get a UK bank account.

Why is that?

I am not on the electoral roll. I'm not entitled to vote (not a UK citizen) so cannot register but have plenty of bank accounts, credit cards, loans and have even had a mortgage.

You do not need to be on the electoral roll to get a bank account.

agrinnall

HappyMJ wrote: »

You do not need to be on the electoral roll to get a bank account.

But presumably you are able to satisfy the alternative address and identity requirements that the banks have, which it sounds like the OP may not be able to.

kpearsoncj

barclays basic bank account is good - you can even get a contactless card if there feeling generous. i think they change there policies i closed my basica account and tried for a full account but got turned down in 2014 but ended up with a contactless card when i reopened it.

cifpower

Kim_13 wrote: »

Georgina - I would avoid a basic bank account as you already have a current account. Someone posted on here that they were rejected when they applied for a product with a bank (I think it was a credit card) because he had an old cashcard with them that was still open. Others may also use this to automatically filter out customers.

I have a Nationwide CashBuilder (savings account) which I have a card for. I've had it since I was 11 but I can't see anything about a maximum age on there. This or another savings account might be better for you. I would double check with a branch of the provider that you choose that whatever account you want has a card though; cards may not come with every savings account in this age of online banking.

I have a basic account (which comes with debit card etc) alongside my main current account. Tax Credits go into the basic account and is then transferred the next day to an ISA. That's my holiday fund.

Salary and other sundries go into main current account which has DDs and SOs on it. From that account I use my bank's regular saver account and clear my credit card every month. The credit card is what I use for my everyday spending.

May seem complicated but since I set it all up it works seamlessly.

10pence

Kim_13 wrote: »

Georgina - I would avoid a basic bank account as you already have a current account. Someone posted on here that they were rejected when they applied for a product with a bank (I think it was a credit card) because he had an old cashcard with them that was still open. Others may also use this to automatically filter out customers.

Credit Reference Agencies (CRAs) do not log the type of bank account a person has only the conduct and financial data; that is overdraft (authorised/unauthorised). So whether it be a basic or a paid or premium account it is irrelevant.

Do not confused credit ratings/scores with a financial institutions own score card and/or internal rules: HSBC for example won't allow someone with a basic bank account to have any other lending product and I think Barclays do the same with their basic account.

georgina17

I've been using YNAB for a fortnight now at your suggestion - totally changed my life, thank you!

:A